Day: May 8, 2018

Facebook was a mess. The independence it dangled to close acquisition deals with Instagram and WhatsApp turned the company into a tangle of overlapping products. Every app had its own messaging and Stories options. Economies of scale were squandered. Top innovators led mature products already bursting at the seams with features while new opportunities went
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Intel Capital, the investment arm of the computer processor giant, is today announcing $72 million in funding for the 12 newest startups to enter its portfolio, bringing the total invested so far this year to $115 million. Announced at the company’s global summit currently underway in southern California, investments in this latest tranche cover artificial
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Microsoft and Red Hat are deepening their existing alliance around cloud computing. The two companies will now offer a managed version of OpenShift, Red Hat’s container application platform, on Microsoft Azure. This service will be jointly developed and managed by Microsoft and Red Hat and will be integrated into the overall Azure experience. Red Hat
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Dreamlines, which claims to be Europe’s largest online travel agency specialising in cruise-related travel, is disclosing that it has raised €45 million in Series E funding. The round is led by Princeville Global, with participation from existing investors that include Holtzbrinck Ventures, Target Global, Dimaventures, Hasso Plattner Ventures, TruVenturo, and Rocket Internet’s Global Founders Capital.
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Alibaba has expanded its e-commerce empire into South Asia after the Chinese internet giant acquired Daraz in an undisclosed deal. Daraz was founded in 2012 by Rocket Internet and today it operates in Pakistan as well as Bangladesh, Myanmar, Sri Lanka and Nepal. Rocket said in a statement that Alibaba has acquired the entire Daraz business.
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Apps are the cornerstone of Apple’s iOS platform. The ecosystem is what sets Apple’s mobile platform apart from its rivals, and the highest-quality iPhone apps are typically best in class. But, like any app store, it is sometimes difficult to find out what are truly the best apps, the ones that stand out from the
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Singapore-based e-commerce startup ShopBack came on the radar when it raised $25 million last November, and now the company is making its first acquisition. ShopBack said today it has picked up Seedly, a fellow Singaporean startup that offers a personal finance service, in an undisclosed deal. The entire team will move over and Seedly will continue as
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